Hong sells AAN 35.93: Shares of Aaron's ( NYSE:AAN ) opened at 37.38 on Friday.

Securities and Exchange Commission on the date hereof for further information on our use of non-GAAP financial measures. Please refer to our Current Report on Form 8-K furnishing this earnings release to the U.S. Management regards the amortization expense relating to the Company's acquisition of Progressive as a special charge not arising out of the ordinary course of business. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. For more information, visit www.aarons.com.


Remedios:
The webcast will be archived for playback at that same site.

Loma:
At June 30, 2015, the Company had 1,211 Company-operated Aaron's Sales & Lease Ownership stores, 784 franchised Aaron's Sales & Lease Ownership stores, 83 Company-operated HomeSmart stores, and two franchised HomeSmart stores.

Diedra:
The Company also completed a six store swap with a third party during the quarter and merged the acquired stores with existing locations.

Klara:
Twenty-five Company-operated Aaron's Sales & Lease Ownership stores and three franchised Aaron's Sales & Lease Ownership stores were closed during the quarter.

Sophie:
The Company acquired seven Aaron's Sales & Lease Ownership stores from franchisees and sold four Company-operated Aaron's Sales & Lease Ownership stores to franchisees, one of which was merged with an existing franchised location.

Loan:
Franchisees had revenues of $237.1 million during the second quarter and $497.9 million for the six months of 2015, decreases of 2.3% and 3.1%, respectively, from the comparable 2014 periods.

Kari:
As a percentage of revenues, EBITDA was 14.0% for the second quarter and 12.7% for the first six months of 2015. Write offs for damaged, lost or unsaleable merchandise were 6.1% of revenues.

Kendal:
EBITDA for the second quarter and first six months of 2015 was $36.0 million and $64.3 million, respectively.

Wendi:
Write offs for damaged, lost or unsaleable merchandise were 3.6% of revenues in the quarter.

Ema:
Margin improvement in the core business was driven by the Company's price, inventory reduction, and cost initiatives.

Aaron's Inc. (NYSE:AAN)
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